LIQUI-BOX CORPORATION
STATEMENT RE COMPUTATION OF EARNINGS PER SHARE
Thirteen Weeks Ended Twenty-six Weeks Ended
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June 29, July 1, June 29, July 1,
1996 1995 1996 1995
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Primary:
Weighted average number of common
shares outstanding ................................ 5,957,278 6,252,006 6,036,572 6,259,405
Net effect of dilutive stock options--
based on treasury stock method
using average market price ........................ 164,410 128,346 172,891 130,431
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Weighted average common and
common equivalent shares .......................... 6,121,688 6,380,352 6,209,463 6,389,836
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Net Income ............................................. $4,529,000 $3,525,000 $7,670,000 $5,881,000
Earnings per common and
common equivalent share ........................... $ 0.74 $ 0.55 $ 1.24 $ 0.92
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Fully Diluted:
Weighted average number of common
shares outstanding ................................ 5,957,278 6,252,006 6,036,572 6,259,405
Net effect of dilutive stock options-
based on treasury stock method using
the quarter-end market price if
higher than average market price ............... 164,410 128,346 172,891 132,610
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Fully Diluted Shares ................................... 6,121,688 6,380,352 6,209,463 6,392,015
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Net Income ............................................. $4,529,000 $3,525,000 $7,670,000 $5,881,000
Earnings per share
assuming full dilution ............................ $ 0.74 $ 0.55 $ 1.24 $ 0.92
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